Meta Platforms Inc has appealed to the NCLAT against the CCI's order imposing a Rs 213.14 crore penalty for abuse of dominance, seeking an urgent hearing, with the tribunal listing the petition for January 16. Meta was penalized for its unfair business practices regarding WhatsApp's 2021 privacy policy update.
Open FlipThe Nifty 50 had a disappointing start to the week, wiping out all of its previous week's gains and closing 1.6% lower on January 6, marking its biggest single-day loss in the last three months. Meanwhile, the India VIX surged sharply, raising concerns among bulls. The index has fallen below the crucial 200-day EMA (23,700) with above-average volumes.
Open FlipICICI Securities has paid Rs40.2 lakh to settle allegations of violations of Stock Broker Regulations. According to a settlement order issued by the SEBI on December 6, the brokerage filed its application on July 18 and the settlement terms were communicated to the brokerage on December 13, 2024.On January 1, 2025, the brokerage informed SEBI about the remittance of the amount.
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